Daily Post News report suggests that Dr. Farah Dagogo, a former federal legislator, has restated his plea to the administration of President Bola Tinubu to formulate and execute efficacious economic strategies aimed at alleviating the pervasive suffering and adversities experienced by the populace in Nigeria.
Dagogo depicted a somber portrayal of the prevailing living conditions in the nation, characterizing them as "bleak" and cautioning that economic metrics indicate the likelihood of additional hardships looming ahead for the populace.
He bemoaned the substantial decline in the purchasing power of Nigerians as a result of hyperinflation, which has essentially devalued the currency.
Dagogo provided instances of how the worth of ₦40,000 in 2015 now equals over ₦500,000 in present-day Nigeria, underscoring the crippling repercussions of inflation on the economic landscape.
The former federal legislator commended Nigerians for their endurance and contributions amid these trying circumstances, particularly throughout the preceding year.
Nevertheless, he implored the authorities to undertake tangible measures to fulfill their commitments and rekindle optimism among the citizenry, rather than merely espousing empty assurances.
Dagogo underscored the necessity for economic policies that cater to the predicament of the common Nigerian citizenry and enhance their quality of life.
Photo Credit: Daily Post News